v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€)
€ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities    
Net loss for the period € (100,784) € (81,638)
Ajustments for:    
Elimination of amortization of intangibles and depreciation of property, plant and equipment 524 576
Elimination of retirement benefit obligations 71 60
Elimination of share-based compensation expenses 11,021 11,421
Net gain on sale of treasury shares 0 (39)
Interest expenses and other financial expenses 10,375 7,967
Financial income (2,029) (7,359)
Effect of unwinding the discount related to advances (362) (351)
Increase/(decrease) in derivatives and liabilities fair value (929) 1,429
Forgiveness of conditional advances 0 (4,140)
Other 35 (57)
Cash flows used in operating activities before change in working capital requirements (82,079) (72,130)
Decrease / (increase) in other receivables and related accounts 2,287 4,023
Increase / (decrease) in trade payables 13,738 (17,279)
Increase / (decrease) in tax and social security liabilities (1,314) (13)
Increase / (decrease) in deferred income and other liabilities 750 224
Changes in working capital requirements 15,461 (13,045)
Cash flows used in operating activities (66,618) (85,175)
Cash flows provided by (used in) in investing activities    
Acquisitions of intangible assets 0 (3)
Acquisitions of property, plant and equipment (63) (236)
Advances reimbursed by (made to) CROs 40 0
Increase in deposits (6) (232)
Decrease in deposits 120 9,050
Interest received 1,178 4,879
Cash flows provided by (used in) in investing activities 1,269 13,458
Cash flows provided by (used in) financing activities    
Transaction costs related to capital increase 0 446
Net proceeds from Kreos and Claret bond loans 0 48,544
Repayments of Kreos and Claret bond loans (9,140) 0
Repayments of convertible loan notes (2,188) (4,375)
Repayment of PGE (1,250) (1,250)
Repayments of conditional advances 0 (55)
Payments of the lease liabilities (458) (277)
Interest paid (3,868) (2,955)
Other 300 244
Cash flows provided by (used in) financing activities (16,604) 40,322
Effect of movements in exchange rates on cash held (1,785) 1,770
Revaluation of cash equivalents measured at fair value 462 0
Increase (decrease) in cash and cash equivalents (83,275) (29,625)
Cash and cash equivalents at the beginning of the year 144,221 251,942
Cash and cash equivalents at the end of the year € 60,946 € 222,317